Tag Archives: economic growth
This week on Facebook: As I posted in Cassandra on debt and as I had previously conclude in my 2013 post Crisis and Credit, the issue of public debt is used as an excuse for a fiscal policy of austerity measures, yet it is private debt that is behind the fiscal crisis. The State (particularly in the UK) does more to encourage private debt than to control it. Conversely the State continues with its fiscal policy of increasing public debt¹, something that I wrote about in Debt, the prolific mother (2012). Read more of this post
This week on Facebook: I have remarked in my posts rather a lot on Global Inequality, that while there is a lot of media coverage given over to global inequality there is little indication that it has prompted any mass national desire for global equality. The populations of developed nations may well be aware of just how much they share with the other populations in the developed and developing word (at least in terms of a notional national wealth). My post on Global Inequality asks the question, “Just how equal do we want the world to be?” The answers would suggest that the wrong question is being asked and that — perhaps — those with a large measure of a quality of life should be asked, “What are they prepared to give up?”. Read more of this post
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